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Published in:

Volume 5 Issue 1
January-2018
eISSN: 2349-5162

Unique Identifier

JETIR1801028

Page Number

151-154

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Title

Demonetization: Impact on Indian economy

ISSN

2349-5162

Cite This Article

"Demonetization: Impact on Indian economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 1, page no.151-154, January-2018, Available :http://www.jetir.org/papers/JETIR1801028.pdf

Abstract

Indian economy is a growing economy. For the overall growth of country in all sectors there is the need of well regulated and corruption free environment in India. For thatto curb the black money, corruption and fake money menace P.M.NarenderModi has announced “demonetization” on 8th November 2016.It refers to an economic policy where a certain currency unit ceases to be recognized or used as a form of legal tender.With that the old currency of 500 and 1000 is ceased to be legal tender and it is replaced by new currency of 500 and 2000.People faced short term difficulties for couple of months but after that we have seen lot of positive impacts on Indian economy as well as on Indian society.This paper is an attempt to study the concept of demonetization and how it works in economy.The purpose of this study is to show the various challenges faced by people in economy during demonetization period.Through the study we will show the overall impact on growth of Indian economy.

Key Words

Demonetization,Banking,legal tender,Corruption,Black money,FICN, NIC

Cite This Article

"Demonetization: Impact on Indian economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp151-154, January-2018, Available at : http://www.jetir.org/papers/JETIR1801028.pdf

Publication Details

Published Paper ID: JETIR1801028
Registration ID: 171237
Published In: Volume 5 | Issue 1 | Year January-2018
DOI (Digital Object Identifier): http://doi.one/10.1729/IJCRT.17442
Page No: 151-154
ISSN Number: 2349-5162

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Cite This Article

"Demonetization: Impact on Indian economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp151-154, January-2018, Available at : http://www.jetir.org/papers/JETIR1801028.pdf




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